Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10495.50 +44 points on indicating gap up opening for the NSE.
At the close in NSE, the Nifty 50 fell 0.21% to hit a new 1-month low, while the BSE Sensex 30 index fell 0.33%.
The biggest gainers of the session on the Nifty 50 were Hindustan Petroleum Corporation Ltd, which rose 4.97% or 18.75 points to trade at 396.35 at the close. Aurobindo Pharma Ltd. added 3.23% or 19.25 points to end at 616.10 and Coal India Ltd was up 2.05% or 5.95 points to 297.60 in late trade.
Biggest losers included Ambuja Cements Ltd., which lost 2.74% or 7.00 points to trade at 248.30 in late trade. Bharti Airtel Ltd. declined 2.03% or 8.90 points to end at 430.25 and Bharti Infratel Ltd shed 1.86% or 6.40 points to 338.55.
The breadth, indicating the overall health of the market, 2173 fell and 505 advanced, while 141 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.27 to 64.215.

FII DII Activity 7th February 2018, FII’s sold 1022 crores stock whereas DII’s bought 461 crores worth of stock. In the derivative market, FII’s sold 1751 crore of Index futures and bought 586 crores worth of Index options. In the Stock futures segment, FII’s bought 1242 crores worth of stock futures and sold 116 crores stock options.

Technical outlook :

Nifty daily chart formed "Ascending broadening Wedge” pattern. The last session been bearish in trend and still indicates the same momentum for upcoming sessions. The downside rally could test all the way through 10300-10100 levels in the upcoming sessions. Alternatively, the market might also have a chance of giving a small correction over positive momentum when it reaches the channel’s support slope line near 10300. Key Resistance holds at 10700 and support at 10050.  https://enrichbroking.in/

Technical Chart :

For daily commodity research reports click here 

BANK NIFTY                                                                                                     

Technical outlook :

Bank Nifty daily chart has formed "Rising wedge” pattern. The last few sessions opening in gap down formation ending in bullish trend as the prices have already broken out the channel’s support slope line. The market is expected to continue in the bearish 
momentum. The downside rally could test all the way through 24500-24000 levels in the upcoming sessions. Alternatively, if the support holds strong then buyers might take control over the market once again. Resistance holds at 26400.  https://enrichbroking.in/

Technical Chart :

For daily commodity research reports click here https://enrichbroking.in/